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Dealers confident in car loans market

More people could be opting for car finance in 2008 following a report that shows used car dealers are positive about new year sales.

More people could be opting for car finance in 2008 following a report that shows used car dealers are positive about new year sales.

According to Car Pages, a new survey from CAP has shown that despite recent speculation over a possible recession and the ongoing effects of the credit crunch, dealers have expressed confidence in the used car market.

It is reported that although perhaps not as buoyant as 2007, trade is expected to be healthy and dealers are thought to be pulling out all the stops to ensure that their forecourts offer the best range for their customers.

Colin Whelan, business research manager for CAP's Black Book buyer's guide, said that those in the industry were aware of the importance of giving drivers a good price backed by a wide range of vehicles.

"The good news from this research is that dealers are ready to rise to the challenge and tailor their forecourt offering to consumer tastes rather than adopt a 'take it or leave it' approach," he said.

The CAP guide incorporates an estimated 1.5 million auto transactions every year including those from dealers, auctions and fleet operators.


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